following the completed acquisition of the 45 percent stake it did not already own. JPMorgan Chase & Co. had held the minority ownership position. Terms were not disclosed for the deal that was
announced in June. At that time, written comments sent to
The Beat and attributed to CWT president and CEO Doug Anderson indicated the transaction would have "no impact" on client pricing, and that CWT will pursue both organic growth as well as potential partnerships and acquisitions. Anderson also noted that CWT and JPMorgan Chase "continue to have commercial agreements in place for both corporate credit card and business travel services."